Stockdog,

What do you think of the latest results??

I thought they were ok. Quite positive outlook from the Company!!
The retail sector seems to be improving. Like-for-like sales figures still down from '04 but then again that was going to be very difficult as 2004 was an exceptional year!
One point is that as long as nothing nasty happens in the High street, the next set of results can only look positive compared with 2005...!

The Gross margin is improving which is important + store openings are going ahead as planned so maybe 2006 will be a great year for Topps Tiles!
.....and as was hinted in the press, Topps Tiles might well become a Takeover Target within 12 months.

If that's the case, what's a reasonable Takeout price in your opinion?? 3-3.50?

Thanks for replying.

Oddie

Sold @ 121p

a gain of 20.91% on just over 5 weeks

Ment.
Not bad still holding.

Ment.
Not bad still holding.

Out 18.5 up

Very wise imo. Sp has run out of steam for the moment.

driver

at what price did you sell?

mentor

118.5

Market did not like the update by the reaction on the share price a drop of 10p.....
Will it be a bounce at 95p? a double bottom

Pre-close Trading Update
Record revenue and further strategic progress
Trading

Topps Tiles Plc (the "Group"), the UK's largest tile specialist, announces a trading update for the 52 week period ending 1 October 2016.

Revenues for the 52 week period are expected to be in the region of £215 million (2015: £212.2 million over 53 weeks). Like-for-like revenues are expected to show an increase of c.4.2% on the prior year (2015: +5.4%).

Like-for-like revenues in the 13 weeks ended 1 October 2016 were ahead by 1.4%. We estimate that the previously announced strategic decision to exit from the low margin wood flooring category during the quarter reduced Q4 like-for-like sales by c.1.5%. This impact will reduce over Q1 FY2017 as sales from our new range of larger format tiles build.

Adjusted pre-tax profits for the year ending 1 October 2016 are expected to be within the range of current market estimates.*

* The current range of analyst forecasts for adjusted pre-tax profits for the 52 week period ending 1 October 2016 is £22.0 million to £22.7 million, with a consensus of £22.3 million

1 LFL sales growth was impacted by the earlier Easter in 2016. We estimate this decreased reported LFL sales growth in Q2 by c.0.6% and increased Q3 reported LFL sales growth by the same amount.

2 Prior year numbers have been restated on a consistent reporting week basis due to the inclusion of a 53rd week in H2 FY2015.

Strategic Progress

We continue to make good progress with our strategy of "Out-Specialising the Specialists", with specific initiatives in the period including:

Inspiration - Topps trade loyalty scheme continued to grow with over 40,000 traders now regularly participating. We have now launched our new digital loyalty scheme which will increase opportunities to capitalise further on the "do it for me trend" in the UK tile market.

Range - As a result of in-store space freed up from the exit of the wood flooring category we are introducing new and exclusive ranges of tiles, such as our new XL range, which will meet the growing demand for even larger tiles and also allow us to improve overall returns. In total, more than 50 new ranges have been launched this year with sales from recently launched lines accounting for 12.8% of total sales in the period.

Convenience - In the core estate we opened 5 stores during the quarter. The group is currently trading from 351 stores including 15 Boutique stores (2015: 348 stores including 13 Boutique stores).
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CEO comments ..... http://www.leicestermercury.co.uk/matt-williams-of-topps-tiles-feeling-calm-post-brexit/story-29643060-detail/story.html
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from FT
Topps Tiles shares fall after warning over market conditions
Quarterly sales growth of 1.4% is lowest in 2 years due to weakened consumer confidence - OCTOBER 5, 2016

Topps Tiles, the UK flooring specialist, has warned of weakening consumer confidence that dragged like-for-like sales growth to the lowest level for at least two years.

Shares in the group fell more than 9 per cent on Wednesday to 102p after the group said that like-for-like sales rose 1.4 per cent in the three months to the end of September — down from 6.2 per cent in the previous quarter, when late Easter sales helped boost revenues, and 5.2 per cent in the same quarter last year.

Matthew Williams, chief executive, said that “market conditions weakened over the final quarter as a result of reduced levels of consumer confidence”.

Mr Williams added that the company remained “confident in our ability to outperform the market and deliver our goal of further profitable sales growth”.

Topps said that full-year sales will be broadly in line with analyst expectations at about £215m, while adjusted pre-tax profit will be within a range of £22m to £22.7m.

The deterioration in consumer confidence noted by Topps — which supplies tiles and other flooring materials — is in contrast to the latest construction PMI reading, which suggested Britain’s challenged construction industry unexpectedly bounced back into growth territory in September as residential housebuilders felt confident enough to press ahead with projects.

The dip in growth for Topps comes after the company had shrugged off concerns over the impact of the Brexit referendum on the property market ahead of the vote.

Overall, the company performed relatively well for the full year, saying like-for-like sales were expected to grow 4.2 per cent year on year, only a slight drop from the 5.4 per cent growth seen last year.

As a mitigating factor, Topps noted that the decision to exit from the low-margin wood flooring category during the quarter would reduce the fourth quarter like-for-like sales by about 1.5 per cent. However, it anticipates growth in larger format tiles to grow in that period.

Analysts at Liberum said that the results were in line with full-year expectations. “Topps remains well placed to continue to gain market share,” the broker said.

KEEP an EYE
TPT 91.75p ( 91.50 / 92p )

Had a very large drop recently and that an Institution took advantage of that upping their holding, since then the shares have been going side way and looking to move forward now. Higher volume buying today as the price is rising.

-

The 3 days chart is showing a clear change of direction since yesterday morning early marked down, with support around the 90p

92.50 v 92.75 + 1.50 (+1.65%)

Slowly is improving on a higher volume than lately

Recent comments:
6th October 16 - Tempus Times said buy, looking cheap.
6th October 16 - Investors Chronicle buy again

Recently stock market research analysts have changed their consensus ratings and price targets on shares of Topps Tiles (LON:TPT).
The latest broker reports which are currently outstanding on Monday 10th of October
state
2 analysts have a rating of “strong buy”,
0 analysts “buy”,
1 analysts “neutral”,
0 analysts “sell”

Update

brokers: have targets of 125p 145p and 150p
Prospective PE: currently at 8.75
Yield : 3.80%

Candlestick pattern:
BULLISH PIERCING LINE

Some arly interest is getting the stock moving higher and following yesterday trend

94.675p +1.375p

The bounce goes on this morning as some steady buyers is pushing the price higher,
also to note the recovery on the charting front is more noticeable

Close bargain @ 93p for a little gain

tired of doing nothing and going nowhere, though the Housing market has well underperformed during that time

Peel Hunt today reaffirms its buy investment rating on Topps Tiles PLC (LON:TPT) and cut its price target to 140p (from 150p).

Severe dip after Banking crisis ~2008 and again with "Austerity" ~2012.... so I guess this present fall-off is the thoughts of Brexit ( Dip started mid 2016, IMHO). As folks fear Tiles won't be the most important purchase for a while.
Today 90p - ish.
EDIT ( 28Nov2017)- ~70p up from 68p earlier this month... maybe the worst is over?

StockMarketWire.com
Topps Tiles has warned that it expects adjusted pre-tax profits for the full year to come in at the lower end of the current range of market expectations.

"Whilst we have seen a moderate improvement in trading in our final quarter, market conditions remain challenging," the company said.

Full-year revenue is expected to be in the region of £211.6m, marking a 1.6% fall from the £215.0m booked in the previous year.

Like-for-like revenue decreased 2.9% on the prior year, Topps Tiles said, while like-for-like revenue in the fourth quarter decreased by 3.0%.

StockMarketWire.com
Topps Tiles booked a fall in first-half profit after UK consumers held back on big-ticket renovations.

Pre-tax profit fell 15.0% to £17.0m, as revenue fell 2.9% to £211.8m, in line with company guidance.

The company cut its final dividend by 8% to 2.30p.

In the first eight weeks of the new financial period, group revenues, stated on a like-for-like basis, increased by 3.2%.

"The business responded well to the more challenging trading conditions we experienced in 2017, maintaining tight control of costs to help offset the reduction in gross margin and continuing to make good progress with its strategic initiatives," chief executive Matthew Williams said.

"Trading in the first eight weeks of the new financial year has improved, with like-for-like sales increasing by 3.2%. While we are retaining our prudent view of market conditions for the year ahead, we are encouraged by this return to like-for-like sales growth."

"We are confident that the combination of the significant further potential in our strategy of "Out-specialising the Specialists" with our accelerated plan to grow in the commercial tile market will underpin our future success."

StockMarketWire.com
Topps Tiles said it achieved like-for-like revenue growth in the first quarter of 3.4%.

The growth rate represented a significant improvement on the previous year, when first-quarter like-for-like sales grew by just 0.3%.

The company said it ended the period with 371 stores, having closed a net one store during the quarter.

"The group has made an encouraging start to the new financial year," chief executive Matthew Williams said.

"We believe this represents an outperformance of the overall tile market in the period, reflecting the continued success of our strategy of "Out-specialising the Specialists" and some further measured investment in both our trade and retail offer during the period."

"Our expansion into the commercial market is also progressing to plan, with the first investments made in the Parkside business adding new capabilities and resource."

"While we are pleased with the like-for-like sales growth achieved in Q1, we are retaining our prudent view of market conditions for the year ahead.